К3 cbMaxxxing USDC on Base
V2A Morpho V2 vault on Base that lends out USDC deposits, curated by K3 Capital. Depositors earn 4.74% a year right now after a 5% performance fee.
Data from Morpho's API · updated
Net APY
4.74%
after fees, paid to depositors
30-day APY
5.87%
7-day 5.59%, from the share price
Deposits
$3.71M
3.71M USDC
Withdrawable now
$2.75M
74% of deposits
Performance fee
5%
of the interest earned
Depositors
12
largest holds 54.2%
К3 cbMaxxxing USDC APY history
Net APY earned each day, from the vault's share price: after fees, without token rewards
| Day | Deposits | Net APY |
|---|
Deposits over time
Where the money goes
The markets this vault lends to right now, largest first
| Market | Lent | Share |
|---|---|---|
| cbXRP / USDCLLTV 62.5% | $3.43M | 91.9% |
| cbADA / USDCLLTV 62.5% | $106K | 2.9% |
| cbDOGE / USDCLLTV 62.5% | $80.1K | 2.1% |
| cbXRP / USDCLLTV 86% | $54.2K | 1.5% |
| cbLTC / USDCLLTV 62.5% | $25.2K | 0.7% |
| cbETH / USDCLLTV 77% | $18.1K | 0.5% |
| cbZEC / USDCLLTV 77% | $17.0K | 0.5% |
| cbETH / USDCLLTV 86% | $383 | 0.0% |
The curator decides which markets the vault may use and how much it may put in each (the cap). Allocators then move money between those markets within the caps. How vaults work.
What the loans are backed by
Share of this vault's lending by the collateral borrowers put up
| cbXRP | 99.4% |
|---|---|
| cbZEC | 0.5% |
Returns over time
Net APY actually earned over each period, from the share price: after fees, without token rewards
| Last day | 4.72% |
|---|---|
| Last 7 days | 5.59% |
| Last 30 days | 5.87% |
| Last 90 days | 2.43% |
Who controls this vault
| Curator | K3 Capital |
|---|---|
| Owner | 0x060D…fEA31-of-1 multisig |
| Timelock to raise a cap | 3 dayswait before more can go into a market |
| Timelock to add an adapter | 3 dayswait before a new kind of investment |
| Timelock to raise fees | None |
| Allocators | 3addresses that move money between markets |
| Sentinels | 1can pull money back or cut caps in an emergency |
| Pending changes | 4IncreaseRelativeCap from October 30, 2026; IncreaseRelativeCap from October 30, 2026; IncreaseAbsoluteCap from October 30, 2026 |
| Created | July 23, 2026 |
Timelocks give depositors time to leave before a change they dislike takes effect. Morpho risks explained.
Details
| Deposit asset | USDCprice $0.9997 |
|---|---|
| Vault version | Morpho Vault V2 |
| APY before fees | 5.00% |
| Vault contract | 0x0548…5A5C |
| USDC token | 0x8335…2913 |
| Network | Base |
The curator's description: "The vault aims to maximize depositors returns by lending USDC to markets collateralized by CB-issued wrappers. Allocations follow borrow demand with supply caps limiting exposure to any single market."
Largest depositors
12 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0x4352…3b4f | $2.01M | 54.2% |
| 0x0a3F…49d2 | $1.69M | 45.5% |
| 0x4582…C09b | $26.7K | 0.7% |
| 0x471E…A498 | $2.4K | 0.1% |
| 0x9ce1…3d9C | $1.0K | 0.0% |
| 0x9ab7…E427 | $360 | <0.01% |
| 0x5e9F…06BF | $281 | <0.01% |
| 0xba6b…19DF | $70.00 | <0.01% |
| 0xD670…54Aa | $18.00 | <0.01% |
| 0x3D69…6856 | $1.00 | <0.01% |
When a few addresses hold most of a vault, one large withdrawal can use up the liquidity that is free right now.
About К3 cbMaxxxing USDC
К3 cbMaxxxing USDC is a Morpho V2 vault on Base, created on July 23, 2026. It takes USDC deposits and lends them to borrowers in 8 Morpho markets. The curator, K3 Capital, decides which markets it may use and how much can go into each.
It holds $3.71M (3.71M USDC) from 12 depositors and pays a net APY of 4.74% after its 5% performance fee. Over the last 30 days depositors actually earned 5.87% a year.
Its largest position is cbXRP / USDC at 92% of its deposits, followed by cbADA / USDC (3%) and cbDOGE / USDC (2%). Counting every market, its loans are backed mainly by cbXRP (99%). 74% of deposits could be withdrawn right now.
Adding a market or raising how much can go into one waits behind a timelock of 3 days, which gives depositors time to leave first. The owner is a 1-of-1 multisig wallet. Morpho's app shows no warnings for this vault.
К3 cbMaxxxing USDC: quick answers
What is the APY of К3 cbMaxxxing USDC on Base?
К3 cbMaxxxing USDC pays 4.74% net APY right now, after its fees. Measured from the growth of its share price, it paid 5.87% over the last 30 days. The rate changes every day with what its borrowers pay.
What does К3 cbMaxxxing USDC lend against?
It lends USDC through 8 Morpho markets. The biggest is cbXRP / USDC with 92% of its deposits. Overall its loans are backed mainly by cbXRP (99%).
Can I withdraw from К3 cbMaxxxing USDC right now?
About $2.75M of its $3.71M in deposits (74%) could be withdrawn immediately. The rest is lent out and frees up as borrowers repay or as higher rates bring in new lenders.
Who runs К3 cbMaxxxing USDC and what does it charge?
K3 Capital curates it. It keeps 5% of the interest earned as a performance fee. The net APY shown is after these fees.
What are the risks of К3 cbMaxxxing USDC?
Like every Morpho vault, it can lose money if a borrower's collateral crashes faster than it can be liquidated, if a price oracle fails, or through a smart contract bug. Withdrawals can wait when its markets are fully borrowed. Adding a market or raising a cap waits behind a timelock of 3 days. This is not advice.
Other USDC vaults
The same deposit asset, other curators and networks
